SMBC and Julius Baer plan India tech hubs – report

Several international financial groups, including Sumitomo Mitsui Banking Corp. (SMBC) and Julius Baer Group, are preparing to broaden their presence in India by establishing global capability centres (GCCs), reported Bloomberg, citing sources. The two firms are expected to join US investment companies Charles Schwab Corp. and Vanguard Group in a recruitment drive that could total at least 1,000 hires this year across locations such as Chennai and Hyderabad, the sources said. The moves highlight India’s ...